It happens all of the time – a home appraisal comes in lower than what the seller wants for the home. It only becomes a problem when the buyer agrees to that price since the lender will base the loan Read More

Did you take on a second mortgage to either buy your home or consolidate debt? Maybe you accepted whatever interest rate was available at the time because you were desperate. Now that you are a few Read More

You’ve saved your money and improved your credit score, so you think you are ready to apply for a mortgage. While you might be good and ready now, there are certain things you should do and things you Read More

FHA loans have many benefits, but there can come a time when it makes sense to refinance out of it. Many FHA borrowers need the FHA loan originally because they can’t qualify for a conventional loan. Read More

You know you’ll make a mortgage payment every month when you buy a house, but do you know what goes into that mortgage payment? It’s more than just principal and interest, although that’s a big part Read More

If you are buying a home, it’s a good idea to get it inspected. The inspector will go through the home looking at every area to see if anything is wrong with the home. The inspector will create a Read More

When you apply for a purchase mortgage, the lender pulls your credit. That’s how they see what type of financial responsibility you have. If your credit score is too low, they won’t move forward with Read More

If you are thinking of applying for a mortgage soon, you need to know what types of income you can use to qualify. Just because you make money doesn’t mean you can use it for qualifying purposes. Read More